Still think TITNC3: Return of the Iceberg was peak

seriously?
A grill company surged the day after summer ends?
I wouldn’t have expected that. Hahaha

 

Some things are finally coming to light…

 

You were the only catalyst needed on that one

 

If you’ve held it long enough you’ve seen it go from 6 to 8+ 3 times this year already. Hopefully this is the time it stays going up so I can make good on the dec calls or exercise them in case they bring that div back

 

So, uhhhh, is this why YANG is slightly up?



Kinda want to buy some YANG LEAPS and be done

@TreeFortRichard what do you think?

 

Up 140% on VET 10/15's...really tempted to pull

 

10/15’s? Get out!

 

Done. Won't make the same mistake I made before. Profits are profits

 

Yes! Now I can ride to $10, lol

now just don’t watch it anymore and no regrets

 

I have the $20 calls...
I like to buy at the money or in the money because they nearly ALWAYS pay more than leaps...
For leaps to pay off you need asymptotic climbs (See GME in Jan) not 20 or 30% but 300%...
For example the 10/15 $YANG call (highest strike available) is $0.35. The $20 is $1.60.
That means for the $35 pays at $35.35. The $20 pays at $21.60
So for your equal value of calls to pay off you need yang to go to $40+ here is the breakdown on 1 $20 call vs 4 $35@0.35

Code:

        
YANG PRICE    20 Call profit    35 call profit 
20                       -160    -35    -140
22                        40    -35    -140
24                       240    -35    -140
26                       440    -35    -140
28                       640    -35    -140
30                       840    -35    -140
32                        1040    -35    -140
34                        1240    -35    -140
36                        1440    65    260
38                        1640    265    1060
40                         1840    465    1860
41                         1940    565    2260
42                         2040    665    2660
43                        2140    765    3060
44                        2240    865    3460
45                         2340    965    3860

But once yang goes over $40 you're killing it
BUT if it never breaks $35 you've lost the $1300+ from the $20 call

 

ride or die, but them profits was nice

 

My ASTS shares and calls are very happy today.

 

First of all, that

Code:

 Test 

is cool!

I have a single 10/15 $21c currently.

Also, I guess YANG doesn't really have true LEAPS but the farthest they have out is April 14 2022.

A $20c at that date is around $4.40 which makes sense because you're paying for the time.

If I understand what you've explained, is why buying ATM or close is better, even if the premium is more (which is will be).\

My internal debate is to just spend more for the same $20 strike price that expires say Jan 21 2022 or April 14 2022 vs a 10/15 $20c or another $21c to average down.

 

Well here is a second edumacational about leveraged ETF...this is a 3x bear...it will lose value continuously over time and eventually they will reverse split it 1:10 to get the cost back up and continue swapping...You are gambling on a small spike in the near term. Think of it like a put. You really don't buy LONG puts on things unless they are dramatically over valued (on a squeeze) and you're not sure when it will come back down, but you know it will...
SO....You really don't want leaps/long calls on this because the majority of the price is time with very little value. They overcharge for the time value knowing it's going to decrease in intrinsic value as the shares degrade. Look at the performance of YANG over 5 years....and note the 1:10 revers split so the shares are 1/10 of what they were...

 

thanks for all the info that makes a lot of sense. So basically UVXY and YANG calls are better for short term plays. Theta doesn't seem too bad but yeah I'm sure they overcharge.

Guess I'll spend my money on $GME deep OTM Calls for November or later. I'm chasing that setup from before when it went from $40 to $350 in a few days. $200 to $4000 would be okay with me too lol

 

hmmmmmmm

https://www.youtube.com/watch?v=xVbkErUHr2M

@TreeFortRichard scratch what I said I think I'm going to double down evergrande making China's markets hurt.

 

Bought another 10/15 $21 YANG call and depending on tomorrow I'll buy another before I go on vacation

 

Damn, in the back of my mind I was wondering if China would try to manipulate how this plays out to inflict max damage on OUR economy.

I thought it seemed way out of character for them to try to contain their own fuck ups so as not to wreak havoc on world markets.

economic warfare here we come!

eta: I may have waded into international politics inadvertently, don’t ban me tcbob!

 

I don't trust anyone or anything...if it were a sure thing the put/call volume would support it. One thing that makes me feel a little confident is the PUT volume for 10/15 $YANG...non-existent...Usually you run a spread...sell the call, buy the put and sit in the middle and cash your checks...The fact that people are buying calls and nobody is buying puts is unusual...